A computer lab that cost $500,000 is expected to operate for 7 years. The estimated salvage value at the end of 7 years is $60,000. The lab is expected to increase the company's revenue by $50,000 per year and also decrease by $20,000 in annual operating costs before taxes and depreciation. The company would appreciate this system on a 5-year MACRS schedule. If the firm's cost of capital is 10% and its marginal tax rate is 30%, compute the NPV and the IRR for the project ( 5 year MACRS schedule: 20%, 32%, 19.2%, 11.52%, 11.52%, 5.76%)